Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, is pleased to announce that Davy Capital Markets, Ireland's leading capital markets firm and a member of the Bank of Ireland Group, has gone live on the Torstone Post Trade Platform.
The deployment marks a significant milestone in Davy Capital Markets' commitment to enhancing their post-trade capabilities.
Davy Capital Markets has harnessed Torstone's Post-Trade Platform for both middle and back office processing, bolstering its operational efficiency and regulatory compliance. The Torstone Post Trade Platform provides an all-encompassing suite of features, including regulatory reporting, general ledger accounting, reconciliations, and CREST, Sub-Agent, and Euroclear Ireland settlement, designed to streamline post-trade processes for financial institutions.
The Torstone Platform, a versatile, cloud-based solution, offers Davy Capital Markets the flexibility and scalability needed to keep pace with industry changes and meet the evolving needs of its clients.
Commenting on the deployment, Brian Collings, CEO of Torstone Technology said, "At Torstone, we believe in growing with our clients' business ambitions, and this successful deployment is evidence to that commitment. We look forward to continuing our partnership with Davy Capital Markets as they evolve and grow, providing them with the flexible, scalable solution they need to meet their clients' demands and stay ahead in the ever-changing financial landscape."
Allison Connolly, Head of Capital Markets Operations at Davy Capital Markets added, "Our decision to deploy the Torstone Post Trade Platform underscores our commitment to providing our clients with the highest levels of service, automation and efficiency. With this innovative SaaS platform in place, we are confident in our ability to meet the evolving demands of the financial industry."
This successful deployment follows the partnership announcement in 2022 when Davy Capital Markets selected Torstone to advance its post-trade processing capabilities.